Request pdf the new global rulers the privatization of regulation in the world economy over the past two decades governments have delegated extensive regulatory authority to international . The new global rulers provides an illuminating account of the current issues surrounding global private standardization kai eriksson european legacy in a world where global standards increasingly determine access to world markets understanding how those standards are set is of vital concern to citizens governments and firms this deeply informed book asks the questions and presents the often counterintuitive facts about the relation between domestic interests and global rule making . The new global rulers the privatization of regulation in the world economy tim buthe and walter mattli abstract over the past two decades governments have delegated extensive regulatory authority to international private sector organizations this internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets . This internationalization and privatization of rule making has been motivated not only by the economic benefits of common rules for global markets but also by the realization that government regulators often lack the expertise and resources to deal with increasingly complex and urgent regulatory tasksthe new global rulersexamines who writes the rules in international private organizations as well as who wins who loses and why. The new global rulers the privatization of regulation in the world economy by tim buthe and walter mattli